Peer-to-Peer Transactions

Peer-to-peer transactions are exchanges that occur directly between individuals without the involvement of an intermediary, such as a bank or payment processor. This can involve sending money, sharing files, or trading services. Popularized by cryptocurrencies like Bitcoin, these transactions use technology to create a secure and transparent network. Each party verifies the transaction, ensuring trust and reducing fees. This approach empowers users to manage their financial interactions, fostering independence and efficiency while minimizing reliance on traditional financial institutions.